Trump, Social Security and tax cut
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CNN’s resident number cruncher Harry Enten reckons Donald Trump’s signature “One Big Beautiful Bill” is the most hated piece of legislation Congress has passed in decades. “I went back into the archives and looked at every piece of major legislation passed since 1990,
The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the number of seniors who won't pay taxes on Social Security to 88 percent. Currently, 64 percent of seniors already don't pay taxes on Social Security benefits.
Six months into his term, far more say President Trump is making the way the federal government works worse than making it better.
Provisions in President Donald Trump’s massive tax and spending cuts bill will be staggered over the next several years for a myriad of reasons, including mitigating political blowback in the 2026 midterm election.
Buried in Donald Trump’s “big, beautiful bill” was a provision that will give technology group Anduril an almost-guaranteed slice of the roughly $300bn earmarked to modernise the US’s military, defence infrastructure and homeland security.
Trump’s spending bill will cut aid for low-income families, costing most $1,200 yearly, while boosting wealthy incomes by $13,600, CBO analysis shows.
A conservative think tank is circulating a memo to GOP lawmakers with recommendations for a second budget reconciliation bill.